Good morning. Have you ever owned an item much more valuable than you thought? Hopefully, you were able to cash out like the elderly French woman who had a painting hanging in her kitchen appraised – and discovered it was a long-lost 13th century masterpiece worth $26.8 million.
“Leadership is the art of getting someone else to do something you want done because [they want] to do it.”
– Dwight D. Eisenhower
Chicago Teachers Strike
In Chicago Public Schools – the third-largest public school district in the country – classes are canceled for the ninth school day in a row as a teacher’s strike continues. The strike began on October 17 and is led by the Chicago Teachers Union, which represents 25,000 teachers and support staff working for the district.
What do the teachers want? The Chicago Teachers Union has said it’s striking for better pay and benefits, fully staffed schools, smaller class sizes, and better conditions for students and families. Within those requests, CTU has highlighted terms beyond the classroom, demanding things like affordable housing and trauma care for the communities they serve.
Where are we now? CTU and the city have been working on coming to a contract agreement that works for both parties – negotiations lasted 14 hours on Saturday and 10 hours on Sunday. But while the mayor announced on Sunday night that an agreement had been struck with one 7,500-member special education teachers’ union, the city isn’t close to a deal with CTU. According to the school district, there’s still about a $100 million gap between what the city has offered and what the union wants. CTU disputed the figures, saying the gap was closer to $38 million.
What are people saying?
If we care enough about Chicago’s children, the money is there for the schools they deserve
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Brexit delay approved
The European Union approved the United Kingdom’s request for a Brexit delay yesterday, extending the deadline for the country to leave the EU – previously set for October 31 – until January 31. Following the EU decision, Prime Minister Boris Johnson made a motion to call an early election on December 12 which was voted down by lawmakers.
A wildfire on the west side of Los Angeles that broke out Sunday night burned 600 acres and at least eight houses yesterday, prompting widespread evacuations. Meanwhile, the sheriff’s office in Sonoma County – where a separate wildfire has destroyed 40 homes – downgraded their evacuation order to a warning.
The U.S. House of Representatives will hold the first formal vote related to impeachment proceedings on Thursday, according to senior Democratic aides and an announcement by Speaker of the House Nancy Pelosi. Rep. Jim McGovern (D-MA) is expected to file the resolution today.
Per the WSJ, Juul will cut about 500 jobs by the end of the year as the e-cigarette maker prepares for a White House backed ban on flavors, which comprise a majority of the company’s U.S. sales. The number of positions has yet to be finalized, but could range from 10 to 15 percent of the workforce – a reversal from its 2019 average staff growth rate of 300 employees a month.
The S&P 500 closed at a record high yesterday following strong Q3 earnings reports – so far, 206 S&P 500 companies have released earnings and 78% have topped analyst expectations. In addition, Apple and Microsoft shares also set new record highs on Monday, as the longest bull run in history extends to 3,885 days.
Uber announced the creation of Uber Money yesterday – a new division with an initial emphasis on giving its drivers access to a mobile bank account. Uber Money head Peter Hazelhurst said the new division, which offers a digital wallet and upgraded credit and debit cards, could one day offer its services to consumers on its platform.
According to a Reuters report, Google parent company Alphabet has made a confidential offer to acquire wearable device maker Fitbit. The exact price of the offer could not be ascertained, but Fitbit shares rose around 30% after the news broke, giving the company a market cap of nearly $1.5 billion.
After they met on an intramural dodgeball team and became good friends, Max and Jillian started dating in 2014. About three years into their relationship, though, Jillian’s life changed suddenly – she was diagnosed with breast cancer. Knowing it would be a long, hard road, she gave Max an “out” – to which he responded that he’d never leave her side.
And he didn’t. What looked like a relatively easy-to-treat cancer turned out to be more advanced than they thought, and new challenges continued to present themselves. But through it all, Max stuck by Jillian. On her last day of chemotherapy, he brought her a big surprise – an engagement ring.
Jillian burst into happy tears when Max asked her the question – and he had to ask again before she could exclaim an enthusiastic “yes!” through her laughter and emotion. They got married earlier this month, and better yet – it was completely paid for. After hearing their story, the owner of a wedding planning company chose the couple as their pro bono wedding of the year. If that’s not a “happily ever after,” we’re not sure what is!
João Vicente hasn’t had it easy – due to several complex medical conditions that were identified before his second birthday (including cerebral palsy) he has severe mobility limitations. Still, nothing has stopped João from dreaming, or his mother from doing everything in her power to support his goals.
One of João’s dreams was to ride a skateboard. At first, João’s mother tried to redirect his passion to something more compatible with his level of movement – he spends most of his time in a wheelchair, and doesn’t have full control of his muscles. But upon realizing that João wouldn’t be deterred, his mother began researching how they could make it a reality.
Eventually, she came across the perfect organization – Skate Anima – which builds wheeled devices to allow kids with limited mobility to experience the thrill of skating. In November of last year, João’s dream came true. Now, propelled by his mother and with the help of his specially-made support, he can shred at the skate park whenever he pleases.
Around the world in (seven hundred and) eighty days… an unpiloted Air Force spaceplane – part of a secret Orbital Test Vehicle program – made a surprise landing at Kennedy Space Center to close out a record 780-day mission.
Ridin’ the wave… satellites captured a rarely-seen phenomenon – atmospheric gravity waves – on camera off the coast of Western Australia.
Two peas in a pod… Apple has made the new AirPod Pros available for preorder – the earbuds are priced at $249 and feature a noise-cancellation system, wireless charging, and are sweat and water resistant.